Posted on Wednesday, 13th March 2013 by Dennis Damp
The Sequester has many feds concerned about furloughs, possibly an extended pay freeze, and fewer resources to get the job done. Retirement applications may also take longer to process if HR specialists are furloughed. The good news is that it isn’t happening overnight and Congress is working to reduce the impact when this kicks in. […]
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| Comments (0)Posted on Friday, 22nd February 2013 by Dennis Damp
I received my annual TSP statement several weeks ago and each year I find it informative. It’s a good tool for evaluating your fund’s performance and comparing it to other investments. The highlights this year pointed out one of the true benefits of the TSP; the low expense ratio that we pay compared to other […]
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| Comments (0)Posted on Friday, 8th February 2013 by Dennis Damp
My 1099R arrived from OPM this week and annuitants should have also received their Notice of Annuity Adjustments, Form R1 20-53 (REV. 12/12), that outlines your new 2013 status and payments. The annuity adjustment statement includes the 1.7% COLA increase and lists any changes to your insurance and elective payments. Each year we receive many […]
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Posted on Monday, 21st January 2013 by Dennis Damp
I discussed the advantages and limitations of TSP ROTH conversions in my last column. THRIFT Plan participants are currently prohibited from converting their traditional TSP accounts to a ROTH. Changes may be on the way that will allow you to convert part of your TSP to a ROTH. The President approved the American Taxpayer Relief […]
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| Comments (0)Posted on Saturday, 5th January 2013 by Dennis Damp
There is considerable confusion on what federal employees and retirees can do to convert all or a part of their TSP funds to a TSP ROTH. There are limitations and unfortunately you can’t convert any of your current TSP funds to a ROTH within the TSP program. There are only 2 ways to get ROTH […]
Tags: FERS Retirement, Retirement Planning, ROTH TSP, THRIFT Plan
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Posted on Friday, 7th December 2012 by Dennis Damp
Updated 7/25/2021 Yes, there are ways to retire with more than you can imagine! There are many parts to this puzzle that YOU have control over and those who take responsible actions now will be handsomely rewarded when they decide to retire. Having more in retirement doesn’t necessarily mean having a larger annuity, although that […]
Tags: Career Planning, FERS Retirement, Retiree Jobs, Retirement Income, Retirement Planning
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Posted on Tuesday, 4th December 2012 by Paul Risser
IRAs & workplace retirement plans have higher contribution limits. Presented by Paul H. Risser The IRS has set annual contribution limits for IRAs, 401(k)s, TSPs and other retirement plans higher for 2013, and made other important adjustments for inflation as well. Here is an overview of some notable changes just announced. The 2013 IRA contribution […]
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Posted on Wednesday, 14th November 2012 by Dennis Damp
It’s that time of year again and we all know that our health care premiums, in most cases, will be going up. The (FEHB) Program premiums will increase by 3.4 percent in 2013, which is lower than last year’s increase of 3.8 percent. The average premium increase for the Federal Employees Dental and Vision Insurance […]
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